Simplyhealth has published a guide for employers about the tax implications of providing healthcare benefits to staff.

The guide, Taxation implications for company-paid healthcare, explains tax implications for both employers and employees. It covers insurance premium tax, national insurance contributions, income tax, corporation tax, and value-added tax.

Howard Hughes, head of business marketing at Simplyhealth, said: “If organisations are paying for healthcare benefits for the first time, the tax implications can be daunting, but it should not deter them from providing valuable health and wellbeing benefits.

“We have created this fact sheet to cut through the jargon surrounding tax, and provide clear and simple guidance. It includes tax examples for both private medical insurance (PMI) and health cash plans to make things simpler for employers.”